# From rice to palm oil, Asian crops output forecast lower as El Nino strengthens

> An unusually dry August in Asia has damaged cereal and oilseed crops as El Nino intensified. Forecasts of lower rainfall for September threaten further supply disruption.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: weather · region Asia · magnitude high
- Page: https://feedsoft.ai/events/34470-from-rice-to-palm-oil-asian-crops-output-forecast-lower-as-el-nino-strengthens
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower rice and palm oil output from Asia tightens global supplies and supports prices for rice, palm oil and feed grains. Further dryness in September would extend the pressure.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-09-06 | [From rice to palm oil, crop output forecasts for Asia-Pacific lower as El Nino strengthens \| The Straits Times](https://feedsoft.ai/events/33998-from-rice-to-palm-oil-crop-output-forecasts-for-asia-pacific-lower-as-el-nino.md) | -6.2% | -6.5% |
| RICE | 2026-04-24 | [Forecast for strong El Niño fans worries about global crops](https://feedsoft.ai/events/19633-forecast-for-strong-el-nino-fans-worries-about-global-crops.md) | -2.0% | +18.1% |
| RICE | 2026-06-04 | [Hot weather hurts Asian crops as powerful El Nino takes shape \| Reuters](https://feedsoft.ai/events/18728-hot-weather-hurts-asian-crops-as-powerful-el-nino-takes-shape-reuters.md) | -1.6% | +2.2% |
| RICE | 2017-03-14 | [Weak El Nino to have small impact on Asian crops this year \| The Star](https://feedsoft.ai/events/71913-weak-el-nino-to-have-small-impact-on-asian-crops-this-year-the-star.md) | +2.4% | +6.7% |
| RICE | 2023-10-11 | [Asia Rice Market Braces for More Stress From El Niño After Export Curbs - Bloomberg](https://feedsoft.ai/events/33694-asia-rice-market-braces-for-more-stress-from-el-nino-after-export-curbs.md) | -0.1% | +2.8% |
| PALMOIL | 2023-09-06 | [From rice to palm oil, crop output forecasts for Asia-Pacific lower as El Nino strengthens \| The Straits Times](https://feedsoft.ai/events/33998-from-rice-to-palm-oil-crop-output-forecasts-for-asia-pacific-lower-as-el-nino.md) | -4.2% | -6.4% |
| PALMOIL | 2023-09-29 | [Indonesian Palm Oil Association sees palm oil prices rising in 2024 as El Nino crimps domestic output](https://feedsoft.ai/events/34219-indonesian-palm-oil-association-sees-palm-oil-prices-rising-in-2024-as-el-nino.md) | -4.5% | -3.5% |
| PALMOIL | 2022-10-21 | [Palm oil prices seen ticking up as rains slash output and demand strengthens \| Reuters](https://feedsoft.ai/events/15781-palm-oil-prices-seen-ticking-up-as-rains-slash-output-and-demand-strengthens.md) | +0.3% | +6.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/rice-palm-oil-asian-crops-output-forecast-lower-el-nino-strengthens-2023-08-30/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.